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But the terms of an oil derivatives contract can vary greatly.
But there is no inherent reason why there should be a tax on buying a car but not on buying a derivatives contract.
It is difficult for civilians to understand a derivatives contract, or any of a range of closely related instruments, such as credit-default swaps.
The Central Bank of Kuwait halted trading in Gulf Bank, one of the country's largest lenders, after a customer defaulted on a derivatives contract.
For instance, the commission's initial proposal called for hedge funds, asset managers and corporations to contact at least five banks when seeking prices for a derivatives contract.
Her proposal would make it illegal to enter into a derivatives contract that had not been cleared through an exchange, other than contracts specifically exempt from the law.
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Financial derivatives: contracts and options.
Italease dissolved its board in 2007 after suffering a loss of 700 million euros in derivatives contracts.
An A.I.G. spokeswoman, Christina Pretto, said the financial products division continued to unwind derivatives contracts.
A.I.G. will have to unwind derivatives contracts, a process that involves paying big termination fees.
The ISDA protocol limits early termination rights during a resolution or bankruptcy for derivatives contracts.
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CEO of Professional Science Editing for Scientists @ prosciediting.com